NRS 226.010Qualifications of State Treasurer.No
person shall be eligible to the Office of State Treasurer unless the person:

1. Has attained the age of 25 years at the
time of such election; and

2. Is a qualified elector and has been a
citizen resident of this State for 2 years next preceding the election.

[Part 2:108:1866; A 1953, 711; 1955, 459]

NRS 226.020Election; term of office.

1. The State Treasurer shall be elected by
the qualified electors of the State.

2. The State Treasurer shall be chosen at
the general election of 1866, and every 4th year thereafter, and shall hold
office for the term of 4 years from the time of his or her installment and
until his or her successor shall be qualified.

NRS 226.050Oath and bond.The
State Treasurer shall be commissioned by the Governor, but before such
commission shall issue and before entering upon the duties of office, the State
Treasurer shall:

1. Take the oath of office prescribed by
law, to be endorsed upon his or her commission; and

2. Execute and deliver to the Governor a
bond, payable to the State, in an amount which shall be determined by the State
Board of Examiners, conditioned for the faithful performance of all duties
which may be required of the State Treasurer by law and for the delivery by him
or her to his or her successor of all books, papers, records, moneys, vouchers,
sureties, funds and securities, evidences of debt, and effects belonging to his
or her office or to the State of Nevada. The official bond shall be executed by
a surety company or companies authorized to do business in the State of Nevada.

[2:14:1866; A 1928, 61; NCL § 7532](NRS A 1975, 339)

NRS 226.080Use of facsimile signature; combination of facsimile signature
with facsimile signature of State Controller or other state officer or employee
authorized to administer bank account.

1. The State Treasurer may use a facsimile
signature in place of his or her handwritten signature if:

(a) The facsimile signature is:

(1) Produced by the most efficient device
or other method of facsimile reproduction reasonably available; and

(2) Made and used only under the personal
direction and supervision of the State Treasurer; and

(b) The device or other method of facsimile
reproduction is kept securely locked at all times when not in use in such a
manner as to prevent any misuse, fraudulent use or other improper use. If the
device or other method of facsimile reproduction is of such a nature that:

(1) The facsimile image or impression is
severable from the device or other method of facsimile reproduction, the
facsimile image or impression must be kept in a separate secure place in the
Office of the State Treasurer; and

(2) Any registered key, password or other
securing device or procedure is severable from the device or other method of
facsimile reproduction, the registered key, password or other securing device
or procedure must be locked in a vault.

2. Except as otherwise required by
specific statute and subject to the conditions of subsection 1 and the consent
of each, the State Treasurer and the State Controller, or the State Treasurer
and any other officer or employee of state government who is authorized to
administer a bank account, may combine their facsimile signatures for use in a
device or other method of facsimile reproduction. The facsimile image or
impression of such combined signatures must be kept in the Office of the State
Treasurer as provided in paragraph (b) of subsection 1.

1. Until the
first Monday in January 2007, the State Treasurer is entitled to receive an
annual salary of $80,000. From the first Monday in January 2007, until the
first Monday in January 2011, the State Treasurer is entitled to receive an
annual salary of $97,000.

2. On the first Monday in January 2011 and
on the first Monday of every fourth year thereafter, the salary of the State
Treasurer must be increased by an amount equal to the cumulative percentage
increase in the salaries of the classified employees of this State during the
immediately preceding term of the State Treasurer.

NRS 226.100Appointment of deputies and assistants; restrictions on other
employment of Chief Deputy.

1. The State Treasurer may appoint and
employ a Chief Deputy, two Senior Deputies, an Assistant Treasurer, a Deputy of
Debt Management, a Deputy of Investments, a Deputy of Cash Management, a Deputy
of Unclaimed Property and an Assistant to the State Treasurer in the
unclassified service of the State.

2. Except as otherwise provided in NRS 284.143, the Chief Deputy State
Treasurer shall devote his or her entire time and attention to the business of
his or her office and shall not pursue any other business or occupation or hold
any other office of profit.

1. Shall receive and keep all money of the
State which is not expressly required by law to be received and kept by some
other person.

2. Shall receipt to the State Controller
for all money received, from whatever source, at the time of receiving it.

3. Shall establish the policies to be
followed in the investment of money of the State, subject to the periodic
review and approval or disapproval of those policies by the State Board of
Finance.

4. May employ any necessary investment and
financial advisers to render advice and other services in connection with the
investment of money of the State.

5. Shall disburse the public money upon
warrants drawn upon the Treasury by the State Controller, and not otherwise.
The warrants must be registered and paid in the order of their registry. The
State Treasurer may use any sampling or postaudit technique, or both, which he
or she considers reasonable to verify the proper distribution of warrants.

6. Shall keep a just, true and
comprehensive account of all money received and disbursed.

7. Shall deliver in good order to his or
her successor in office all money, records, books, papers and other things
belonging to his or her office.

8. Shall fix, charge and collect
reasonable fees for:

(a) Investing the money in any fund or account
which is credited for interest earned on money deposited in it; and

(b) Special services rendered to other state
agencies or to members of the public which increase the cost of operating his
or her office.

9. Serves as the primary representative of
the State in matters concerning any nationally recognized bond credit rating
agency for the purposes of the issuance of any obligation authorized on the
behalf and in the name of the State, except as otherwise provided in NRS 538.206 and except for those
obligations issued pursuant to chapter 319 of
NRS and NRS 349.400 to 349.987, inclusive.

10. Is directly responsible for the
issuance of any obligation authorized on the behalf and in the name of the
State, except as otherwise provided in NRS
538.206 and except for those obligations issued pursuant to chapter 319 of NRS and NRS 349.400 to 349.987, inclusive. The State Treasurer:

(a) Shall issue such an obligation as soon as
practicable after receiving a request from a state agency for the issuance of
the obligation.

(b) May, except as otherwise provided in NRS 538.206, employ necessary legal,
financial or other professional services in connection with the authorization,
sale or issuance of such an obligation.

11. May organize and facilitate statewide
pooled financing programs, including lease purchases, for the benefit of the
State and any political subdivision, including districts organized pursuant to NRS 450.550 to 450.750, inclusive, and chapters 244A, 309,
318, 379, 474, 541, 543 and 555 of
NRS.

NRS 226.115State Treasury designated.All
moneys, funds and property of the State of Nevada, in the custody and control
of the State Treasurer or his or her office by virtue of his or her official
position as State Treasurer, are hereby designated as the State Treasury of the
State of Nevada.

(Added to NRS by 1957, 153)

NRS 226.120Reports.The State
Treasurer shall:

1. Provide information to either house of
the Legislature, whenever required, upon any subject connected with the
Treasury or any duty of his or her office.

2. Prepare and submit an annual report of
the operations of his or her office to the Governor and the Legislative
Commission within 60 working days after:

(a) The close of a fiscal year; or

(b) The latest date established by the
Legislature to close accounts for a fiscal year,

1. The books, papers and transactions of
the Office of the State Treasurer shall be open at all times for the inspection
of the Governor, the State Controller, the State Board of Examiners, either
house of the Legislature, or of any committee thereof, or person authorized by
law.

2. For any failure (except it be
unavoidable) to comply with the provisions of this section, the State Treasurer
shall forfeit his or her office, and the Governor shall declare the same
vacant, and shall appoint a successor.

1. The State Treasurer shall pay all
warrants drawn upon him or her by the State Controller, out of the proper fund,
as directed, in the order in which the same are presented.

2. If there be no money to pay any warrant
when presented, the State Treasurer shall endorse thereon the words not paid
for want of funds, and shall note the date of presentation, and attest the
endorsement made, by his or her official signature. The State Treasurer shall
at the same time make an entry of the date of presentation, number and amount
of the warrant in the register required by law to be kept by him or her. So
soon as money accumulates or is received into the State Treasury, applicable to
and sufficient for the payment of any outstanding warrant or warrants so
presented for payment and not paid for want of funds, the State Treasurer shall
post a notice in writing in a conspicuous place in his or her office, setting
forth the number and amount of his or her warrant or warrants, and the fact
that there is money in the State Treasury to pay the same. From the time of the
posting of such notice, no interest shall be allowed or paid upon any warrant
which by law is or may be entitled to bear interest.

[1:54:1869; B § 2849; BH § 1847; C § 1994; RL § 4370;
NCL § 7541]

NRS 226.150Liability for failure to pay warrants.Any
failure, neglect or refusal on the part of the State Treasurer to pay any
warrant when presented, there being money in the State Treasury to pay the same,
or to post the notice within 5 days, as required in NRS
226.140, after there shall have been received into the State Treasury money
applicable and sufficient to pay any warrant or warrants presented and not paid
for want of funds, or after having received the money and posted the notice on
presentation for payment, to pay the warrants so posted, shall subject the
State Treasurer to damages to the person or persons aggrieved to an amount equal
to treble interest on the sum specified in the warrant or warrants not paid on
presentation, as provided in this section, such interest being computed at the
rate of 3 percent per month during the time such warrant or warrants remain
unpaid. In any suit brought to recover the same, judgment shall be rendered to
cover the damages at the time of the entry thereof and for costs.

[2:54:1869; B § 2850; BH § 1848; C § 1995; RL § 4371;
NCL § 7542]

NRS 226.160Deposit of public money; custody of bonds and securities.

1. The State Treasurer shall deposit all
moneys under his or her control in the manner provided in chapter 356 of NRS.

2. The State Treasurer shall securely keep
in the safe and vault provided for him or her for that purpose, in his or her
office at the seat of government, all bonds and securities of the state
pertaining to his or her office, and shall not deposit any part or portion of
the same with any individual, copartnership or corporation.

3. The State Treasurer shall not use the
public moneys, or any part thereof, or allow anyone else to do so, except in
the payment of bonds, coupons or warrants properly drawn upon him or her by the
State Controller.

NRS 226.170Refusal to redeem warrants and other evidence of indebtedness.The State Treasurer shall refuse to redeem any
warrants, scrip, orders or other evidence of indebtedness against the state
whenever it shall come to his or her knowledge that such warrants, scrip or
other evidence of indebtedness have been purchased, sold, received or
transferred in violation of law.

NRS 226.175Account for the Rebate of Governmental Services Tax to Senior
Citizens.There is hereby created
an Account for the Rebate of the Governmental Services Tax to Senior Citizens
within the State General Fund. The State Treasurer shall administer the
Account.

NRS 226.180Duties as ex officio State Disbursing Officer for Federal
Government.The State Treasurer is
ex officio State Disbursing Officer for the Federal Government. As such, the
State Treasurer shall:

1. Act for the Federal Government with
respect to all financial matters required of him or her by the Federal
Government.

1. Except as provided in subsection 3, the
State Treasurer is expressly prohibited:

(a) From purchasing or selling, or in any manner
receiving to his or her own use or benefit, or to the use and benefit of any
person or persons whatever, any state warrants, scrip, orders, demands, claim
or claims, or other evidence of indebtedness against the State; or

(b) From purchasing or being interested, or
receiving, selling, or transferring, or causing to be purchased, received, sold
or transferred, either in person or by agent or attorney, or by or through the
agency or means of any person or persons whatever, any interest, claim, demand
or other evidence of indebtedness against the State, either directly or
indirectly; nor shall any clerk or employee of the State Treasurer be allowed
to make any such purchase, sale or transfer, or to receive any agency from
other parties to purchase, sell, transfer or bargain, in any manner, for any
state warrants, scrip, demands or other evidence of indebtedness against the
State.

2. Any person violating any of the
provisions of subsection 1 shall be guilty of a gross misdemeanor. A conviction
shall operate as a forfeiture of office, and the party convicted shall forever
be disqualified from holding any office of honor, profit or trust in this
state.

3. Nothing in this section shall prevent
the State Treasurer, his or her clerks and employees from selling or
transferring only such warrants or scrip as they may receive for their services,
but none other.

NRS 226.220Prohibited use of public money; responsibility on bond.The State Treasurer is made responsible upon
his or her official bond for all moneys received by him or her belonging to the
State, and is prohibited from using or loaning or borrowing the same, for any
purpose whatever, except as provided by law.

[7:14:1866; B § 2844; BH § 1843; C § 1990; RL § 4366;
NCL § 7537]

NRS 226.230Penalties.If the
State Treasurer shall willfully neglect or refuse to perform any duty enjoined
by law, or, by color of his or her office, shall knowingly do any act not
authorized by law, or in any other manner than is authorized by law, the State
Treasurer shall be deemed guilty of a misdemeanor and shall be further punished
as provided in NRS 197.230.